Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition]
Q.4. Assertion and Reasoning type of question
Assertion (A): Degree of price elasticity is less than one in case of relatively inelastic demand.
Reasoning (R): Change in demand is less than the change in price.
Options
(A) is true, but (R) is false
(A) is false, but (R) is true
Both (A) and (R) are true and (R) is the correct explanation of (A)
Both (A) and (R) are true and (R) is not the correct explanation of (A)
